Smead Capital Management Inc. Has $247.72 Million Position in D.R. Horton, Inc. $DHI

Smead Capital Management Inc. decreased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 6.5% in the 4th quarter, Holdings Channel reports. The firm owned 1,719,925 shares of the construction company’s stock after selling 119,238 shares during the quarter. D.R. Horton accounts for about 5.1% of Smead Capital Management Inc.’s portfolio, making the stock its 7th largest holding. Smead Capital Management Inc.’s holdings in D.R. Horton were worth $247,721,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Merit Financial Group LLC raised its holdings in D.R. Horton by 25.6% during the 4th quarter. Merit Financial Group LLC now owns 18,298 shares of the construction company’s stock worth $2,635,000 after purchasing an additional 3,726 shares during the last quarter. Winnow Wealth LLC bought a new position in D.R. Horton during the 3rd quarter worth approximately $960,000. Nordea Investment Management AB raised its holdings in D.R. Horton by 41.5% during the 4th quarter. Nordea Investment Management AB now owns 1,239,316 shares of the construction company’s stock worth $179,428,000 after purchasing an additional 363,573 shares during the last quarter. Arete Wealth Advisors LLC bought a new stake in shares of D.R. Horton in the 3rd quarter valued at $946,000. Finally, Mediolanum International Funds Ltd increased its stake in shares of D.R. Horton by 96.6% in the 3rd quarter. Mediolanum International Funds Ltd now owns 151,153 shares of the construction company’s stock valued at $25,670,000 after acquiring an additional 74,266 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

NYSE DHI opened at $143.88 on Friday. The company has a fifty day simple moving average of $143.93 and a 200 day simple moving average of $149.41. D.R. Horton, Inc. has a 12-month low of $114.17 and a 12-month high of $184.54. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The company has a market cap of $40.80 billion, a P/E ratio of 13.48, a PEG ratio of 2.01 and a beta of 1.41.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The business had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. During the same quarter last year, the firm posted $2.58 EPS. D.R. Horton’s revenue was down 2.3% compared to the same quarter last year. Sell-side analysts predict that D.R. Horton, Inc. will post 10.57 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 annualized dividend and a yield of 1.3%. D.R. Horton’s dividend payout ratio (DPR) is presently 16.87%.

Analyst Upgrades and Downgrades

DHI has been the subject of several research analyst reports. Zacks Research upgraded shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Seaport Research Partners reiterated a “neutral” rating on shares of D.R. Horton in a research note on Tuesday, April 7th. UBS Group lifted their price objective on shares of D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Weiss Ratings lowered shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods reiterated a “reduce” rating on shares of D.R. Horton in a research note on Tuesday, January 27th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $168.54.

D.R. Horton Company Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.